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Highlights:

  • Nativo to acquire the remaining 50% of Boku Resources SAC, gaining full control over the Bonanza Gold Mine and related projects in Peru.

  • The transaction involves no cash payment, with Nativo transferring its 50% interest in Ecotopia Peru SAC to the sellers.

  • Fieldwork at Bonanza and Morrocota mines is set to begin at the end of August 2025, with production restart planned after mine plan revisions.

Nativo Resources Plc (LSE:NTVO), a gold-focused mining company with assets in Peru, has announced the acquisition of the remaining 50% interest in Boku Resources SAC, its Peruvian joint venture company. The move will give Nativo 100% ownership of Boku and its portfolio of gold and polymetallic assets.

Transaction Details

Boku Resources’ assets include the Bonanza Gold Mine on the Tesoro Gold Concession, an option to assess gold and silver recovery from the Toma La Mano tailings dump, permits for a gold ore processing plant, and the Ana Lucia polymetallic project.

The acquisition will be completed without financial consideration. Instead, Nativo will transfer its 50% holding in Ecotopia Peru SAC, a REINFO-registered company for artisanal and small-scale miners, to the Boku sellers. Following Nativo’s April 2025 acquisition of Dydima E.I.R.L., which holds the licence for the Morrocota Gold Mine and has REINFO status, Ecotopia Peru SAC is no longer required for operations at the Tesoro Gold Concession.

Bonanza operations will be managed by Dydima, now a wholly owned subsidiary of Nativo. In line with the transaction, Jorge Pinedo, Nativo’s Operations Director in Peru, will assume the role of General Manager of both Dydima and Boku, succeeding Erick Pegot-Ogier, who has stepped down as General Manager of Boku.

For the year ended 31 December 2024, the loss attributable to Nativo’s 50% share in Boku was US$157,133. Ecotopia Peru SAC recorded a loss of US$71,072 for the year ended 28 February 2025, with a carrying value of nil as at that date.

Operational Updates

In relation to its Peruvian mining operations, Nativo confirmed that Inveritas Global Holdings Ingenieria S.A. (IGH), its engineering and geological consultants, will join Operations Director Jorge Pinedo at the Bonanza and Morrocota gold mines at the end of August 2025. IGH will lead fieldwork, sampling, and modelling studies defined in collaboration with Nativo.

These works are scheduled to take approximately one month and are a preparatory step toward restarting production at both mines. Once completed, Nativo plans to invite tenders from contract mining operators, with the aim of commencing production as soon as practicable thereafter.